Brief Exercise 11-7

Ivanhoe Company purchased a computer for $9,680 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,210 salvage value. In 2018, the estimates are revised. Ivanhoe now feels the computer will be used until December 31, 2019, when it can be sold for $605. Compute the 2018 depreciation. (Round answer to 0 decimal places, e.g. 45,892.)

Depreciation expense, 2018

$